Avantis Real Estate ETF $AVRE Holdings Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 169.1% during the first quarter, Holdings Channel.com reports. The firm owned 987,667 shares of the company’s stock after acquiring an additional 620,655 shares during the period. Sequoia Financial Advisors LLC owned 0.06% of Avantis Real Estate ETF worth $43,477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVRE. Root Financial Partners LLC acquired a new position in Avantis Real Estate ETF in the first quarter worth approximately $61,000. Farther Finance Advisors LLC increased its stake in shares of Avantis Real Estate ETF by 749.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,013 shares of the company’s stock worth $88,000 after acquiring an additional 1,776 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in Avantis Real Estate ETF in the fourth quarter worth approximately $91,000. Torren Management LLC bought a new position in Avantis Real Estate ETF during the fourth quarter valued at approximately $182,000. Finally, Tortoise Investment Management LLC increased its stake in shares of Avantis Real Estate ETF by 22.9% during the 3rd quarter. Tortoise Investment Management LLC now owns 4,825 shares of the company’s stock worth $215,000 after purchasing an additional 900 shares during the last quarter.

Avantis Real Estate ETF Price Performance

Shares of AVRE stock traded up $0.24 on Friday, hitting $47.90. The company’s stock had a trading volume of 58,438 shares, compared to its average volume of 61,560. The stock has a market capitalization of $852.62 million, a price-to-earnings ratio of 28.60 and a beta of 0.90. Avantis Real Estate ETF has a fifty-two week low of $42.98 and a fifty-two week high of $48.44. The firm’s fifty day moving average price is $47.54 and its 200-day moving average price is $46.14.

Avantis Real Estate ETF Profile

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.